Move Over OCR – 5 Reasons Why CMR Will Help You Reach IA Aspirations

Optical Character Recognition, OCR, has been around for what feels like forever. It’s become the industry’s most widely accepted tool for data ingestion. Yet, OCR fails spectacularly in meeting the biggest challenge enterprises face – ingestion of all process data, before transportation through RPA. Namely, OCR struggles with accessing unstructured, inferred data and images which comprises 80% of an enterprise’s data.

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ANTBITES BLOG

Unstructured Data–the Barrier To Digital Transformation

Apr 09, 2020

Data is at the heart of digital transformation – in fact, it’s the lifeblood of digitisation. To stay ahead of the curve, companies are trying to leverage data that makes employees and processes more productive ...

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Harness Business Process Automation Benefits

Mar 26, 2020

Every business needs to efficiently utilise all available resources effectively. According to a McKinsey Global Institute report, fully realising automation’s potential requires people and technology to work ...

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Finding Profitability in the Mortgage Loan Process

Mar 18, 2020

It’s not a surprise that mortgage companies large and small struggle to scrape a profit from processing loans. According to Mortgage Bankers Association, “independent mortgage banks and mortgage subsidiaries of ...

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The Data Chasm: Why OCR Can’t Fill It

Mar 11, 2020

Fact: around 80 percent of the data in an organisation is completely unstructured. That ‘data chasm' can include images, web pages, hand-written documents, signatures, and even mobile content. Of course, ...

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The Future is Responsible AI

Mar 06, 2020

Asheesh Mehra, CEO and co-founder, AntWorks AI has the power to reshape how businesses and governments operate today. The benefits of AI range from driving increased efficiency and productivity to filling ...

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How to Fix Your Broken Mortgage Loan Process

Mar 03, 2020

Typical mortgage loan processing is known for the “stare and compare” job role. Literally it is the job of loan processors to stare at one source of data and make sure the same information is entered into the ...

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Top 3 Reasons Why Automation is Required for Straight-Through Processing

Mar 02, 2020

Even though your mortgage organisation may be running on what you think is the best technology for mortgage processing, you may be missing out on straight-through processing (STP) ...

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Set your Data Capture to warp 10

Feb 10, 2020

The Star Trek franchise of films and TV series, watched by millions around the world, pioneered warp speed spaceships such as the USS Enterprise, as well as themes such as Artificial Intelligence (AI). They ...

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Empowering Industry 4.0 with Artificial Intelligence

Feb 04, 2020

As Al emerges from reel- life to real-life to become the frontier of world- changing technologies, there is an urgent need for systematic development and implementation of AI ...

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2020s: The decade we solve the unstructured data challenge

Dec 25, 2019

Isaac Asimov, the acclaimed writer and roboticist, wrote in his novel I, Robot in 1950 that robots and AI were banned from Earth in the year 2030. Instead of banning them, we’re likely to see huge advances in ...

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The Journey of Integration Automation Success

Dec 25, 2019

The results are in: according to a recent HFS Research survey, business leaders know that applying a piecemeal, task-based approach to automation within organisational silos ...

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Solving the Mystery of Handwriting Recognition, Part 2

Dec 25, 2019

In my previous blog, I discussed the challenges of cursive handwriting extraction, as well as dimensionality reduction and the importance of feature selection. Dimensionality ...

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